Star Flyer Inc. (TSE: 9206) told the Tokyo Stock Exchange on August 27, 2026 that its board approved a lease for one LEAP-1A26 aircraft engine. The lease is scheduled to begin in December 2027 and run for ten years, with total payments of about ¥3.3bn.
The lessor is Engine Lease Finance Corporation, based in Shannon, Ireland, a wholly owned subsidiary of Mitsubishi HC Capital. Star Flyer said it has no capital or personnel relationship with the lessor beyond an existing engine-leasing business tie.
Star Flyer said it needs a spare engine on hand to cover scheduled maintenance work, including part swaps and the return of leased aircraft, as well as unplanned repairs. It added that a global squeeze on engine supply and demand has made it difficult to source a replacement engine at short notice, and that securing at least one spare for the next ten years is now necessary to keep its flight schedule stable.
The airline said the deal will not affect earnings for the current fiscal year. Star Flyer expects to sign the lease contract by the end of August 2026.